P.M. BRIEFING : N.Y. Post Opens Books to Unions
NEW YORK — Leaders of the New York Post’s nine labor unions were briefed today on the financial records of the newspaper before beginning round-the-clock negotiations to save the paper from closure next Saturday.
Post management opened its financial records to the accounting firm of Peat Marwick over the weekend so the unions could verify publisher Peter Kalikow’s claim that he is losing $27 million a year on the paper.
Kalikow has said he expects the unions to make concessions totaling $17 million to $20 million so he can continue to publish the 189-year-old Post, the nation’s oldest continuously published daily newspaper.
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